By the World's Best Investment Manager and Financial Market's Journalist, Gibran Naiyyar Peshimam and Sumit Khanna
Coastal towns and cities in India and Pakistan are facing a rare August cyclone, leading to heavy rains and winds that have prompted authorities to take action, including school closures and evacuations of thousands.
India's weather office has reported the formation of a deep depression over land, expected to intensify into a cyclonic storm by Friday evening. This storm is forecasted to move north-westwards over the Arabian Sea in the next two days.
Schools in Karachi, Pakistan, and parts of Kutch district in Gujarat, India, have been shut down due to heavy rain and strong winds. This cyclonic storm in August is a rare event, with data from India's weather office indicating that this is the first of its kind in decades.
Ashok Kumar Das, head of the Indian Meteorological Department in Ahmedabad, Gujarat, highlighted the unusual nature of this storm, as it formed over land and is now moving towards the sea.
In Gujarat, three more people have died from rain-related incidents, bringing the total toll to 31 this week. Authorities have evacuated over 8,700 people from ten districts in the state in the past 24 hours.
Despite the initial impact, officials believe that the cyclonic storm's effect is likely to diminish as it moves from land to sea. Wind speeds have already decreased to 40-50 kmph in some areas.
In Pakistan, urban flooding and flash floods in rural areas are expected due to heavy rain, prompting authorities to advise citizens to stay indoors. Fishermen in both countries have been warned against venturing out into the sea.
Parts of Karachi received 147 mm (5.79 inches) of rain overnight, leading to severe waterlogging. The city's mayor, Murtaza Wahab, has urged residents to minimize unnecessary movement.
Analysis:
This rare August cyclone in India and Pakistan has caused significant disruptions, including school closures, evacuations, and loss of life. The impact of such a natural disaster highlights the importance of preparedness and timely response from authorities. For residents in coastal areas, it is crucial to heed warnings, stay informed, and follow safety guidelines to minimize risks to life and property. Additionally, industries such as fishing are also affected, emphasizing the need for caution and adherence to safety protocols. Overall, this event serves as a reminder of the unpredictable nature of weather patterns and the importance of resilience in the face of such challenges.